Articles & Commentary


	*Registered Investment Advisor*
	*Articles & Commentary*

Here are commentaries and articles written by Bob Marshalla for our clients and friends. All material contained herein is copyright protected and may not be reproduced in any manner without the express written permission of the copyright owner.

Quarterly Commentaries

2009

Year End Review and Commentary: An Excellent Year for Investors, but a Cautious Prognosis for the Future

Q3 Quarterly Commentary: I Have to Admit It’s Getting Better
Stocks have soared and the economy is turning the corner, but we are cutting back on REIT’s and adding to emerging markets

Q2 Quarterly Commentary: The Slowdown Slows Down & Markets Surge, But When Will Housing Pick Up?

Q2 Quarterly Commentary: Excellent Recent Performance by Our Funds
Almost all of our funds have beaten their benchmarks this year

Q1 Quarterly Commentary: Glimmers of Light
Commentary on the financial situation, public policy and investment strategy going forward

2008

Year End Review and Commentary: The Audacity of Hope – Investor’s Version
A calamitous and frightening year for our financial system and for virtually all kinds of investments

Q3 Quarterly Commentary: Investment Revisions

Q2 Quarterly Commentary: Times Are Rough – What’s Next?
With comments on commodities, energy and emerging markets

Q1 Quarterly Commentary: Traversing a Gauntlet
Market review plus comments about market timing strategies

2007

Year End Review and Commentary: A Stormy Year – More to Come?

Q3 Quarterly Commentary
Why we “tilt” but don’t “lurch”, and the value in value investing

Q2 Quarterly Commentary

Q1 Quarterly Commentary
The case for international real estate, plus how momemtum and mean reversion can both exist in the stock market